SLNH — 📊Technical Update
Bullish Alternative Scenario [Mid-Term | Long-Term]
As 2nd Alt., the rising price actions since early April may be unfolding within a Leading Diagonal — potentially forming Intermediate Wave (1).
Within the diagonal:
Minor Wave 3 may have peaked at $5.14. Should the pattern confirm, Minor Wave 5 would likely resume the trend with a +300% potential advance, beginning as early as mid-November.
The projected target for the completion of Int. Wave (1) lies near $6.66🎯.
Based on this Near-term bearish Alt., a retracement( 📉-62%) may follow soon, as Minor Wave 4, potentially sharp in nature given the diagonal structure.
🔖 Updated this Alternative (originally from Oct. 8) — still tracking as valid.
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